Review: Yesterday equity trading was closed in the US, and also today the market will be closed due to Hurricane Sandy. The BoJ expanded its programme of asset purchases by further JPY 11000bn, and some of the funds are earmarked for atypical asset classes. This is done to signal that the BoJ is prepared to use all means to fight the economic downturn and the appreciation of JPY. The 4.1% declined in the Japanese industrial production announced overnight illustrates the big challenges facing
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